Herman And Therese Ratelle Foundation
- Assets
- $286.1k
- Revenue
- $10.0k
- Investments
- $251.6k
- Employees
- 0
- Location
- Edina, MN
- Founding
- 06/1997
- Data as of
- 12/2022
- EIN
- 41-1870709
Organization Overview
Herman And Therese Ratelle Foundation is located in Edina, MN. The organization was established in 1997. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Herman And Therese Ratelle Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Herman And Therese Ratelle Foundation generated $10.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $18.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Therese Ratelle Director | 0 | $0 | |
Thomas Ratelle Director | 0 | $0 | |
John M Ratelle Director | 0 | $0 | |
Paul Ratelle Director | 0 | $0 | |
Mary Brigid Spence Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,618 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,369 |
| Capital Gain Net Income | $4,369 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,987 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $418 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,275 |
| Contributions, gifts, grants paid | $17,000 |
| Total expenses and disbursements | $18,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $34,471 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $286,097 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Herman And Therese Ratelle Foundation has awarded $17,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGE OF ST BENEDICT PURPOSE: GENERAL CHARITABLE PURPOSES | $2,000 |
JEREMIAH PROGRAM PURPOSE: GENERAL CHARITABLE PURPOSES | $3,000 |
PEACEMAKER OF MINNESOTA PURPOSE: GENERAL CHARITABLE PURPOSES | $2,000 |
RED CLOUD INDIAN SCHOOL PURPOSE: GENERAL CHARITABLE PURPOSES | $2,000 |
ST PATRICK'S CATHOLIC CHURCH PURPOSE: GENERAL CHARITABLE PURPOSES | $1,000 |
ST JOHN'S UNIVERSITY PURPOSE: GENERAL CHARITABLE PURPOSES | $2,000 |